| Description | LARGE PRICE IMPROVEMENT - 300K BELOW TAX ASSESSED VALUE FOR 2024! AN EXCEPTIONAL INVESTMENT OPPORTUNITY: UNPRECEDENTED A-2 ZONED PROPERTY IN THE HEART OF MAKIKI! FEATURING AN EXISTING WELL KEPT 3 BEDS/ 1BA SINGLE FAMILY HOME, IT ENJOYS A GREAT LOCATION JUST OFF THE MAIN THOROUGHFARE, SHARING A PAVED ROAD WITH THE POST OFFICE.WHAT MAKES THIS PROPERTY TRULY EXCEPTIONAL IS THE POTENTIAL FOR A BILL 7 REDEVELOPMENT PROJECT, ADDRESSING THE PRESSING NEED FOR AFFORDABLE HOUSING AND/OR THE POTENTIAL TO DEVELOP SENIOR CARE FACILITIES FOR OUR KAPUNA. UNDER BILL 7, YOU COULD BENEFIT FROM SUBSTANTIAL INCENTIVES, INCLUDING THE POSSIBILITY OF CITY GRANTS FOR UP TO $15.00 PER SQ.FT. UPON PROJECT COMPLETION. MOREOVER, THERE ARE NO PERMITTING OR UTILITY FEES TO WORRY ABOUT, POTENTIALLY EXPEDITED PERMITTING & REMARKABLE 10 YEAR PROPERTY TAX EXEMPTION.SELLERS HAVE COPIES OF BUILDING PLANS SUBMITTED TO DPP FOR A 33 UNIT AFFORDABLE HOUSING PROJECT UNDER BILL 7. FOR FULL DETAILS AND TO EXPLORE THE DEVELOPMENT OPPORTUNITIES THIS PROPERTY HOLDS. BUYERS AND THEIR AGENTS SHOULD PERFORM THEIR DUE DILIGENCE AND CONSULT PROFESSIONALS. CONVEYED AS IS. |
|---|---|
| Status | Sold since 07-14-2024 |
| MLS# | 202415697 |
| Price | $1,399,999 |
| Original Price | $1,499,000 |
| Price Change | $-99,001 (-6.60%) |
| Beds / Baths / Half | 3 / 1 / 0 |
| Parking Spaces | 5 |
| Living Sq Ft | 680 |
| Land Sq Ft | 6,750 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 1139 Papaku Place Honolulu HI 96814 |
| Region | Metro |
| Neighborhood | Makiki Area |
| Days on Market | 102 |
| Year Built | 1954 |
| Condition | Above Average,Average |
| View | None |
| Pool | None |
| Parking | 3 Car+, Boat |
| Zoning | 12 - A-2 Medium Density Apartme |
| Flood Zone | Zone X |
| Tax Amount | $503 |
| Assessed Land | $1,672,800 |
| Assessed Building | $50,100 |
| Assessed Total | $1,722,900 |
| Assessed Ratio | 81% |
| Inclusions | Range/Oven, Refrigerator, Water Heater |
| Amenities | Wall/Fence |
| Utilities | Connected, Public Water, Sewer Fee, Water |
| Construction | Above Ground, Single Wall |
| Lot Features | Clear |
| Flooring | Other |
| Disclosures | Call Listor, See Remarks |
| Furnished | None |
| Land Recorded | Regular System |
| Possession | At Closing |
| Sale Conditions | None |
| Topography | Level |
| Building Style | Detach Single Family |
| Roofing | Asphalt Shingle |
| Easements | Other |
| Parcel # | 1-2-4-012-022-0000 |
| Listing courtesy of | RE/MAX Honolulu |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 04-23-2025 | 202415697 | Sold | P | S | $1,399,999 | $1,200,000 | $1,722,900 | $1,672,800 | $50,100 |
| 03-24-2025 | 202415697 | Pending | C | P | $1,399,999 | $1,200,000 | $1,722,900 | $1,672,800 | $50,100 |
| 10-24-2024 | 202415697 | Active Under Contract | A | C | $1,399,999 | $1,200,000 | $1,722,900 | $1,672,800 | $50,100 |
| 10-02-2024 | 202415697 | Price Decrease | $1,498,000 | $1,399,999 | $1,399,999 | $1,200,000 | $1,722,900 | $1,672,800 | $50,100 |
| 08-03-2024 | 202415697 | Price Decrease | $1,499,000 | $1,498,000 | $1,399,999 | $1,200,000 | $1,722,900 | $1,672,800 | $50,100 |
| 07-14-2024 | 202415697 | New Listing | A | $1,399,999 | $1,200,000 | $1,722,900 | $1,672,800 | $50,100 | |
| 05-14-2024 | 202324350 | Cancelled | A | W | $1,598,000 | $0 | $1,721,700 | $1,672,800 | $48,900 |
| 01-13-2024 | 202324350 | Price Decrease | $1,599,000 | $1,598,000 | $1,598,000 | $0 | $1,721,700 | $1,672,800 | $48,900 |
| 10-28-2023 | 202324350 | New Listing | CS | A | $1,598,000 | $0 | $1,721,700 | $1,672,800 | $48,900 |
View the public schools for this property · Google Maps · Supermarkets · Schools · Hospitals · Restaurants · Beaches · City Tax Record / Plat Map · View beach access points all over Oahu · Buyer Closing Cost Calculator · Seller Closing Cost Calculator
